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North Dakota

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  • Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...

  • Oct 30- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices. Crude traded in New York fell to a more than two-year low on Monday at $79.44 a barrel but recovered a bit to...

  • Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal cost of crude production of about $73 a barrel for U.S. onshore work, according to a research note from Baird Equity Research. "The market is selling all of these...

  • LONDON, Oct 30- According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical studies show the impact has been small and concentrated in a handful of energy-intensive industries that account for only a small share of manufacturing value-added.

  • Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota's booming Bakken shale formation. The company, which also produces oil in Norway, Ohio and the U.S. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the...

  • Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped in North Dakota's Bakken shale formation. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the year-ago period. Production in North Dakota jumped 21 percent to 86,000 boe/d.

  • In some states, cheap oil isn't such a good thing Tuesday, 28 Oct 2014 | 10:15 AM ET
    An oil refinery in Kenai, Alaska.

    The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.

  • Cramer: Oil sowing the seeds of its own demise Friday, 10 Oct 2014 | 7:13 PM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    With the raging levels of oil production in the United States, Cramer shares his concerns about lack of legal infrastructure and storage of the oil.

  • Why US needs to repeal oil export ban: Hess CEO Monday, 15 Sep 2014 | 12:01 PM ET
    Pump jacks and wells on the Monterey Shale formation in California

    Lifting the 1970s ban on crude exports would go a long way to reducing energy prices and increasing jobs in the U.S., the CEO of Hess tells CNBC.

  • Industry group touts benefits of oil, gas boom Tuesday, 9 Sep 2014 | 2:55 PM ET
    A worker walks toward a part of a Consol Energy Horizontal Gas Drilling Rig exploring the Marcellus Shale outside the town of Waynesburg, PA.

    The U.S. energy renaissance's effects are being felt broadly, said the industry's main trade group.

  • Inside North Dakota's latest fracking problem Friday, 22 Aug 2014 | 8:00 AM ET
    Oil rig workers drill into the Bakken shale formation outside Watford City, N.D.

    As regulators crack down on natural gas flaring in North Dakota, energy companies are scrambling to meet the rules.

  • Fracking vs. farming   Thursday, 21 Aug 2014 | 2:25 PM ET
    Fracking vs. farming

    Tensions are mounting between ranchers and farmers, and the oil and gas industry, reports CNBC's Morgan Brennan.

  • US oil flourishes, but Alaska gets frozen out Sunday, 17 Aug 2014 | 11:00 AM ET
    Arctic National Wildlife Refuge, Alaska

    As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.

  • Big shale deal may be easy money or strong market Monday, 14 Jul 2014 | 10:03 AM ET
    Traders on the floor of the New York Stock Exchange.

    Big mergers are afoot. But is a major shale oil deal a sign of a strong market?

  • Whiting, Kodiak create Bakken shale powerhouse Monday, 14 Jul 2014 | 8:22 AM ET
    A construction worker specializing in pipe-laying sandblasts a section of pipeline in North Dakota.

    Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.

  • States are still not turbocharging job growth Tuesday, 24 Jun 2014 | 4:48 PM ET

    States are still seeing low levels of job growth despite the recovery. A weak housing and manufacturing sector has stymied employment.

  • States partner to spur innovation and jobs Tuesday, 24 Jun 2014 | 4:48 PM ET

    States are collaborating to create hubs of excellence in a myriad of industries—from food to water tech—to develop homegrown business.

  • 10. North Dakota Tuesday, 24 Jun 2014 | 4:15 PM ET

    Nearly a decade of dizzying growth is starting to unsettle North Dakota. The education system is lagging and the state still trails in tech.

  • States get nasty in the fight for jobs Friday, 20 Jun 2014 | 10:28 AM ET

    The recovery is taking hold. Companies are hiring. State finances are looking up. Time for things to get nasty as states vie for business.

  • Fast food jobs pay $20 here... voluntarily Friday, 20 Jun 2014 | 7:00 AM ET
    High labor demand has driven wages sky high in Williston, N.D. where Hardee's franchisee Jon Munger says his crew members can earn more than double the minimum wage.

    Want to pay minimum wage? Might as well hang up an "Out of Business" sign in this energy-rich pocket of the U.S.